The global market for photochromic lenses – those cool lenses that darken automatically in sunlight – is expected to jump from over $5 billion in 2019! Experts predict it'll keep growing at a rate of over 8% each year. Why? Because of those pesky ultraviolet radiations in the atmosphere that can mess with your eyes, leading to eye disease. Photochromic lenses are a lifesaver! They darken when the sun's out and lighten up when you're indoors. Plus, with prices coming down, more older folks needing vision correction, and these lenses just getting more popular, the market's looking bright. Now, when it comes to how they're used, the market is split into preventive and corrective lenses. But here's the thingthere aren't actually any "preventive" photochromic lenses out there right now.
Okay, so when we're talking about the tech used to make these lenses, we're mainly looking at two categoriesin-mass and imbibing & trans bonding. Back in 2020, in-mass was the bigger player in the photochromic lens market. But get this, imbibing & trans bonding is expected to really take off in the next few years! Now, if we look at where these lenses are popular, we're talking Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. Right now, North America is the king of the hill, mostly because they're always coming up with new tech and people are paying more attention to their eye health. But don't count out the Middle East & Africa! They're catching up fast, especially in places like South Africa, Nigeria, and the UAE, where people have more money to spend and are learning more about taking care of their eyes. You can read more here
about eye health.
Global photochromic lens market is consolidated, as the key multinational players occupy the major industry share. Production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions are the key strategies adopted by these key players.
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022–2026
Objective of the Study
- To analyze and forecast the market size of global photochromic lens market.
- To classify and forecast global photochromic lens market based on material, technology, application, distribution channel and regional distribution.
- To identify drivers and challenges for global photochromic lens market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc., in global photochromic lens market.
- To conduct pricing analysis for global photochromic lens market.
- To identify and analyze the profile of leading players involved in global photochromic lens market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of global
Key Target Audience
- Global photochromic lens manufacturers, suppliers, distributors and stakeholders
- Potential Investors
- Organizations, forums and alliances related to photochromic lens market
- Research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
